hotdog I agree, the LT POG Gold Prices Could Peak at $5,000: Bank of America
Posted on September 21, 2012 by News
21-Sep (CNBC) — As gold prices hit a 2012 record of $1,787.40 per ounce on Friday,
Bank of America Merrill Lynch analysts said the precious metal
could soar to $3,000 or even $5,000 over the longer-term.
“We will be focusing in on gold.
Ultimately we think gold can trade between $3,000 and
$5,000 an ounce going forward,” MacNeil Curry,
head of foreign-exchange and rates technical strategy at BAML,
told CNBC’s “Worldwide Exchange.”
“Certainly not within the next few months, but on a long-term
basis we are on a well-defined uptrend, and we have got more to
run before that runs its course.”
…“We believe the growth in supply of fiat currencies [those
without intrinsic value] such as the U.S. dollar and dollar-
linked currencies such as the renminbi is a key driver, followed
by concerns regarding inflation and inflation volatility which
could follow,” Brebner and Fu said in the report.
SGRCF AuBull has a long way back UP to catch UP
with a very oversold and undervalued 666 short
selling banksters manipulations -
Looks like a little patch of resistance at 1.11 taken
out - then it's straight up to 1.50!
a old target its $5 to focus ON GO SGR http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79553455 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79553343